Articles Posted in Debt Relief

The decision to file for bankruptcy is a difficult one and often comes with significant financial stress. One of the primary factors that deter individuals from filing is the initial costs associated with a bankruptcy case. However, the Liviakis Law Firm is here to guide you on how to save up for these costs effectively.…

Understanding Chapter 7 Bankruptcy Chapter 7 bankruptcy, also known as liquidation bankruptcy, involves the sale of a debtor’s non-exempt assets by a trustee. The proceeds are then distributed to creditors according to the priorities established in the Bankruptcy Code. What is a Preferential Payment? A preferential payment is any payment made to a specific creditor…

At Liviakis Law Firm, we understand that individuals struggling with debt often consider a myriad of solutions, one of which is a Debt Management Plan (DMP). However, while DMPs may seem like a viable option at first glance, they often do not provide the relief they promise. Here are some of the reasons why they…

In an era where medical expenses continue to climb, a significant number of individuals and families find themselves drowning in medical debt. Despite their best efforts to maintain their health and finances, unexpected illnesses or accidents can lead to overwhelming medical bills. Understanding the Impact of Medical Debt Medical debt can cast a long shadow…

Losing a job is an upheaval, triggering a domino effect on your financial stability and mental peace. For many, the immediate concern post-job loss isn’t just about finding the next opportunity but managing the looming shadow of debt without a steady income. In these challenging times, how you manage your debt can significantly impact your…

In a world where financial stability can feel like an unattainable dream, debt relief options stand as the light at the end of the tunnel for countless individuals struggling with overwhelming debt. This guide is designed to help you make informed decisions when it comes to tackling your financial burdens. Let’s explore the various paths…

Bankruptcy can be a stressful and emotional time for anyone. It can also be a time for a fresh start and a chance to regain financial stability. When you receive a debt discharge in Sacramento bankruptcy, it’s important to understand the next steps to take to ensure long-term financial success. In this blog post, we’ll…

If you’re like many Americans, you might have found yourself in a situation where debt has taken its toll on your credit score. Whether it was due to an unexpected expense or an inability to manage your finances, it can be difficult to repair your credit after debt. Fortunately, there are steps you can take…

Many people face debt at some stage in their lives, whether it’s through a sudden loss of income or because of poor financial management. Fortunately, there are ways to get out of debt and take back control of your finances. In this blog post, we’ll look at practical tips to help you reduce your debts…

One of the requirements in the process of debt relief through bankruptcy is to take two financial education courses. Before filing bankruptcy, you must take a pre-filing credit course called a credit counseling course. Before receiving a debt discharge, you must complete a debtor education course. Class In Session A credit counseling course is a…